Common use of TERM - OPTION TO RENEW Clause in Contracts

TERM - OPTION TO RENEW. (a) The Term of this Agreement starts on the Commencement Date and expires on the date stipulated on the Information Page. (b) Provided that the Licensee: (i) has not been during the Term of this Agreement and is not at the time of giving notice, in material default of any of its obligations under this Agreement (which default remains uncured at the time of the notice); and (ii) gives the Licensor at least one hundred and twenty (120) days written notice prior to the end of the Term or a Renewal Term of the Licensee's intention to renew, the Licensee shall be entitled to renew for the Renewal Term(s) . Each Renewal Term will be governed by the same terms and conditions set out herein except for: (i) any further right to renew; and (ii) the License Fee, which will increase at the start of each Renewal Term by a percentage equal to the percentage of the increase in the Consumer Price Index from the Commencement Date or the start of the previous Renewal Term (if any) as the case may be, to the start of the applicable Renewal Term.

TERM - OPTION TO RENEW. (a) The Term of this Agreement starts on the Commencement Date and expires on the date stipulated on the Information Page. (b) Provided that the Licensee: (i) has Has not been during the Term of this Agreement and is not at the time of giving notice, in material default of any of its obligations under this Agreement (which default remains uncured at the time of the notice); ): and (ii) gives the Licensor at least one hundred and twenty (120) days written notice prior to the end of the Term or a Renewal Term of the Licensee's ’s intention to renew, the Licensee shall be entitled to renew for the Renewal Term(s) ). Each Renewal Term will be governed by the same terms and conditions set out herein except for: : (i) any further right to renew; and (ii) the License Fee, which will increase at the start of each Renewal Term by a percentage equal to the percentage of the increase in the Consumer Price Index from the Commencement Date or the start of the previous Renewal Term (if any) as the case may be, to the start of the applicable Renewal Term.

TERM - OPTION TO RENEW. (a) The Term of this Agreement starts on the Commencement Date and expires on the date stipulated on the Information Page. (b) Provided that the Licensee: (i) has not been during the Term of this Agreement and is not at the time of giving notice, in material default of any of its obligations under this Agreement (which default remains uncured at the time of the notice); and (ii) gives the Licensor at least one hundred and twenty (120) days written notice prior to the end of the Term or a Renewal Term of the Licensee's intention to renew, renew,‌ the Licensee shall be entitled to renew for the Renewal Term(s) . Each Renewal Term will be governed by the same terms and conditions set out herein except for: : (i) any further right to renew; and (ii) the License Fee, which will increase at the start of each Renewal Term by a percentage equal to the percentage of the increase in the Consumer Price Index from the Commencement Date or the start of the previous Renewal Term (if any) as the case may be, to the start of the applicable Renewal Term.

TERM - OPTION TO RENEW. (a) The Term of this Agreement starts on the Commencement Date and expires on the date stipulated on the Information Page. (b) Provided that the Licensee: (i) has not been during the Term of this Agreement and is not at the time of giving notice, in material default of any of its obligations under this Agreement (which default remains uncured at the time of the notice); and (ii) gives the Licensor at least one hundred and twenty (120) days written notice prior to the end of the Term or a Renewal Term of the Licensee's intention to renew, the Licensee shall be entitled to renew for the Renewal Term(s) . Each Renewal Term will be governed by the same terms and conditions set out herein except for: : (i) any further right to renew; and (ii) the License Fee, which will increase at the start of each Renewal Term by a percentage equal to the percentage of the increase in the Consumer Price Index from the Commencement Date or the start of the previous Renewal Term (if any) as the case may be, to the start of the applicable Renewal Term.